MSTR Options History — April 2024

In April 2024, MSTR traded between $108.41 and $164.70. ATM implied volatility averaged 126.6%, placing in the 64.7% IV rank vs the trailing year. The 30-day expected move averaged 36.2%. IV traded above realized volatility by 10.5% (HV 20d: 116.1%). Max pain ranged from $96.00 to $158.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2024-04-05: Highest Volume — 771,220 contracts
  • 2024-04-09: Largest IV drop — 6.2% change
  • 2024-04-01: Highest IV Rank — 82.9%
  • 2024-04-01: Largest Expected Move — 41.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.58$108.41$164.70$163.50$108.41
Max Pain$136.41$96.00$158.00$96.00$130.00
ATM IV126.6%110.5%146.6%146.6%110.5%
Expected Move36.2%32.0%41.9%41.9%32.0%
HV 20d116.1%83.6%167.0%167.0%99.7%
HV 60d124.8%121.3%132.1%122.9%132.1%
IV Rank64.7%50.1%82.9%82.9%50.1%
IV Percentile88.3%82.9%95.2%95.2%82.9%
Term Structure-0.7%-2.8%1.4%-1.1%1.4%
VWIV129.2%116.4%149.3%149.3%116.4%
Skew 25d-8.1%-10.7%-5.3%-9.2%-8.7%
Skew 10d-13.8%-20.6%-8.8%-18.4%-14.1%
Call IV 25d133.3%118.1%154.3%154.3%118.1%
Put IV 25d125.2%109.3%145.1%145.1%109.3%
Bid-Ask Spread %16.317.8628.9124.6223.28
Gamma HHI0.030.020.040.030.02
Net GEX16.8M-16.6M53.3M29.9M-2.8M
Net DEX-6.30B-9.77B-2.99B-9.25B-2.99B
Net VEX-25.6M-28.6M-22.0M-28.6M-22.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.541.110.800.91
Total Volume408,172.727198,400771,220438,230635,760
Total OI2,274,327.2731,804,8602,621,2002,228,7001,924,410

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$163.50$96.00146.6%41.9%167.0%82.9%149.3%-9.2%-1.1%29.9M-9.25B-28.6M0.8024.62N/AN/A243,450194,7801,041,6401,187,060
2024-04-02$158.75$96.00142.4%40.7%147.3%79.1%143.2%-9.0%-0.6%26.3M-8.59B-28.3M0.6828.75N/AN/A240,430163,9801,107,9201,254,320
2024-04-03$160.50$100.00139.2%39.2%130.1%76.2%139.3%-9.3%0.6%41.1M-9.14B-28.1M0.6928.91N/AN/A249,010171,5501,159,5601,296,090
2024-04-04$164.70$155.00137.6%39.3%127.5%74.8%138.7%-10.7%-0.4%47.3M-9.77B-28.3M0.738.23N/AN/A262,720192,4001,202,4601,330,400
2024-04-05$148.38$158.00132.6%37.9%133.0%70.2%134.1%-9.1%0.2%-16.6M-6.76B-27.1M0.719.36N/AN/A450,380320,8401,230,6201,377,770
2024-04-08$150.35$150.00136.9%38.6%130.0%74.1%137.5%-9.3%-1.9%19.9M-7.62B-27.0M0.549.74N/AN/A263,840141,2701,025,3001,206,270
2024-04-09$143.62$151.00128.4%36.5%127.4%66.4%130.0%-8.2%-1.0%14.3M-6.68B-26.6M0.697.86N/AN/A276,760191,1401,127,4001,249,080
2024-04-10$154.65$150.00127.0%36.5%129.8%65.1%128.9%-7.5%0.6%48.3M-8.67B-26.8M0.7511.52N/AN/A225,080169,1601,188,6801,303,880
2024-04-11$154.79$150.00126.2%35.9%125.4%64.4%126.9%-7.1%-1.4%53.3M-8.70B-26.8M0.929.44N/AN/A182,100167,0301,226,3301,326,520
2024-04-12$148.26$150.00126.8%36.2%124.1%65.0%129.2%-7.8%-0.3%14.4M-7.46B-26.3M1.1112.71N/AN/A255,330282,4101,256,4601,364,740
2024-04-15$135.41$150.00121.2%34.7%122.9%59.9%123.8%-7.0%0.1%14.3M-5.84B-24.7M0.7212.63N/AN/A250,320181,3901,042,6401,193,960
2024-04-16$126.30$149.00124.1%35.6%112.4%62.5%125.9%-5.3%-1.4%-1.1M-4.70B-24.2M0.8214.08N/AN/A219,810180,5701,100,3101,237,120
2024-04-17$119.21$146.00124.7%35.7%112.3%63.0%128.9%-6.8%-0.9%-8.5M-3.88B-23.8M0.8015.43N/AN/A280,450223,2501,154,7101,250,480
2024-04-18$122.06$135.00125.0%35.9%108.6%63.3%127.3%-8.6%-0.5%-384.2K-4.60B-24.4M0.7114.45N/AN/A215,260153,7901,233,9301,268,870
2024-04-19$117.81$135.00122.6%35.3%106.9%61.1%129.0%-7.4%-1.2%-12.2M-4.04B-23.9M0.9719.04N/AN/A225,520219,5301,273,4501,281,180
2024-04-22$131.50$135.00124.9%35.7%115.2%63.2%129.7%-6.4%-2.8%18.6M-5.21B-24.9M0.5916.91N/AN/A204,480120,700921,360912,770
2024-04-23$133.23$135.00121.7%34.7%89.3%60.4%122.9%-7.4%-2.2%25.0M-5.46B-25.3M0.7215.80N/AN/A115,36083,040979,730945,490
2024-04-24$127.80$135.00118.8%34.1%88.7%57.6%122.7%-6.9%-0.9%14.7M-4.85B-24.5M0.7718.78N/AN/A126,25097,7301,006,370967,910
2024-04-25$124.36$134.00116.6%33.2%88.0%55.7%121.8%-8.3%-1.1%5.4M-4.48B-24.1M0.9318.00N/AN/A106,46099,2401,036,580980,000
2024-04-26$127.27$131.00116.0%32.8%84.8%55.1%118.7%-9.3%-0.7%17.4M-4.86B-24.2M0.7119.11N/AN/A198,000141,4401,059,490997,080
2024-04-29$127.94$130.00115.0%32.7%83.6%54.2%118.2%-8.8%1.1%20.8M-5.02B-23.9M0.6920.10N/AN/A152,480105,310907,630897,230
2024-04-30$108.41$130.00110.5%32.0%99.7%50.1%116.4%-8.7%1.4%-2.8M-2.99B-22.0M0.9123.28N/AN/A332,180303,580978,460945,950